Tag: irs
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Media Monitor: Judge Rules Trump IRS Lawsuit Filed for 'Improper Purpose'
The Washington Post reports U.S. District Judge Kathleen M. Williams ruled President Donald Trump's IRS lawsuit was filed for an 'improper purpose,' referring attorneys for disciplinary action.
Politics and GovernmentLaw EnforcementGeneral PoliticsFederal GovernmentLegal Donald TrumpIRSLawsuitKathleen M. WilliamsDisciplinary proceedingsPayout fundThe Washington Post
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IRS Introduces Automatic Penalty Relief for Compliant Taxpayers
The IRS is launching Automatic Exemption from Penalty (AEP) in summer 2026, simplifying relief for taxpayers with a history of timely filing and payment. This new process replaces First Time Abate, automatically waiving certain penalties for eligible individuals.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalSocial Issues IRSPenalty ReliefAutomatic Exemption from PenaltyFirst Time AbateTaxpayersTax Compliance
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IRS Simplifies Penalty Relief with New Automatic Exemption Program
The IRS introduces Automatic Exemption from Penalty (AEP) in summer 2026, replacing First Time Abate. This new process automatically waives certain penalties for taxpayers with a history of timely compliance, simplifying tax administration and reducing burden.
Politics and GovernmentBusinessGeneral PoliticsFederal GovernmentEconomyLegal IRSPenalty ReliefAutomatic Exemption from PenaltyFirst Time AbateTaxpayersTaxationGovernment
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IRS and Treasury Target Abusive Charitable Remainder Annuity Trust Schemes
The Treasury and IRS issued final regulations identifying certain Charitable Remainder Annuity Trust (CRAT) arrangements as listed transactions. This move targets abusive tax avoidance schemes involving property sales and Single Premium Immediate Annuities, requiring disclosures and imposing penalties.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentGeneral PoliticsEconomyLegalFinancial Markets IRSTreasury DepartmentCharitable Remainder Annuity TrustTax AvoidanceListed TransactionsTax RegulationsFrank J. Bisignano
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IRS and Treasury Target Abusive Charitable Remainder Annuity Trust Schemes with New Regulations
The IRS and Treasury have issued final regulations identifying certain Charitable Remainder Annuity Trust transactions as "listed transactions." This move aims to combat abusive tax avoidance schemes, requiring disclosure from participants and advisors.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyLegalFinancial MarketsEducation IRSTreasuryCharitable Remainder Annuity TrustListed TransactionsTax AvoidanceRegulationsFrank J. Bisignano
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IRS and Security Summit Launch Campaign to Protect Tax Professionals from Identity Theft
The IRS and Security Summit partners have launched a five-week campaign, "Protect Your Clients; Protect Yourself," to equip tax professionals with tools against evolving identity theft threats, focusing on emerging scams and data security.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentLegalEducationComputers and InternetEconomy IRSSecurity Summitidentity thefttax professionalsdata securityscamstax forums
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IRS, Security Summit Launch Campaign to Protect Tax Pros from Identity Theft
The IRS and Security Summit partners launched a five-week campaign to help tax professionals combat identity theft. The initiative focuses on emerging scams, security safeguards, and data breach response, coinciding with the 2026 IRS Nationwide Tax Forums.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyLegalEducationComputers and Internet IRSSecurity SummitIdentity TheftTax ProfessionalsData SecurityScamsTax Forums
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IRS Eases Gift Tax Reporting for Trump Account Contributions
The IRS and Treasury have announced a new safe harbor, Revenue Procedure 2026-25, to exempt certain Trump account contributions from gift tax reporting, easing the burden on donors and families. This initiative supports the Working Families Tax Cuts.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalSocial Issues IRSTreasuryTrump AccountsGift TaxSafe HarborWorking Families Tax CutsTaxation
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IRS and Treasury Announce Gift Tax Reporting Safe Harbor for Trump Accounts
The IRS and Treasury Department have issued a safe harbor, exempting certain contributions to Trump accounts from gift tax reporting. This relief, under the Working Families Tax Cuts, simplifies donations and reduces burdens for families supporting these accounts.
Politics and GovernmentUSAFederal GovernmentGeneral PoliticsEconomyLegalSocial Issues IRSTreasury DepartmentTrump AccountsGift TaxWorking Families Tax CutsRevenue Procedure 2026-25Taxation
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National Taxpayer Advocate Reports Mixed Success for 2026 Tax Season
The National Taxpayer Advocate's report highlights a successful 2026 tax season for most, with high electronic filing and refund rates. However, millions faced significant delays in refunds, phone assistance, and identity theft resolution, underscoring a growing service divide.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalComputers and InternetSocial Issues Erin M. CollinsIRSTaxpayer Advocate ServiceTax Filing Season 2026Tax RefundsIdentity TheftGovernment ServicesTaxation
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Taxpayer Advocate Reports Mixed 2026 Filing Season: Success for Most, Struggles for Millions
National Taxpayer Advocate Erin M. Collins reports a largely successful 2026 tax filing season for most, but highlights significant challenges for millions facing refund delays, poor phone service, and prolonged identity theft case resolution, urging a balanced digital and human…
Politics and GovernmentBusinessGeneral PoliticsFederal GovernmentEconomyLegalComputers and InternetSocial Issues National Taxpayer AdvocateIRSTax Filing Season 2026Tax RefundsTaxpayer ServiceIdentity TheftGovernment
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Fugitive Ohio Pharmacist Pleads Guilty to IRS Fraud After 12 Years on the Run
After nearly 12 years as a fugitive, Ohio pharmacist Sbeih Sbeih pleaded guilty to IRS fraud. Arrested in Georgia, he conspired to hide business income from two pharmacies, while a co-defendant remains at large.
Law EnforcementPolitics and GovernmentBusinessFederal GovernmentLegalEconomyState Governments Sbeih SbeihIRSFraudFugitiveOhioPharmacyOsama SalouhaFBI
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IRS to Open Taxpayer Assistance Centers on Select Saturdays Through June 2026
The IRS will open select Taxpayer Assistance Centers on Saturdays from February to June 2026, offering in-person help with tax services, excluding cash payments. Taxpayers should check local listings for specific dates and bring required documents.
Politics and GovernmentBusinessFederal GovernmentEconomyEducationSocial Issues IRSTaxpayer Assistance CentersTax HelpSaturday Hours2026Tax SeasonGovernment Services
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IRS to Open Taxpayer Assistance Centers on Select Saturdays Through June 2026
The IRS will open select Taxpayer Assistance Centers on Saturdays from February to June 2026, offering in-person help with tax services, excluding cash payments. Taxpayers should check local listings for specific dates and bring required documents.
Politics and GovernmentBusinessUSAFederal GovernmentEconomyEducationSocial Issues IRSTaxpayer Assistance CentersTax HelpSaturday Hours2026Tax SeasonGovernment Services
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Jacksonville Man Pleads Guilty to Extensive Federal Fraud and Tax Crimes
Joel Matthew Caswell, 31, of Jacksonville, Oregon, pleaded guilty to tax evasion, bank fraud, wire fraud, and identity theft, agreeing to pay nearly $1.2 million in restitution. He faces up to 30 years in prison.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyLegalEmployment and LaborGeneral Politics Joel Matthew CaswellJacksonville, OregonTax EvasionBank FraudAggravated Identity TheftIRSFBI
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27 States Join Federal Scholarship Tax Credit Program
Twenty-seven states have joined the Federal Scholarship Tax Credit program, allowing taxpayers to claim up to a $1,700 federal credit for contributions to scholarship organizations supporting K-12 education. The IRS hopes more states will participate in this voluntary program.
Politics and GovernmentBusinessFederal GovernmentState GovernmentsEducationEconomyGeneral Politics Federal Scholarship Tax CreditIRSTax CreditScholarship Granting OrganizationsState ParticipationOne, Big, Beautiful Bill
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27 States Join Federal Scholarship Tax Credit Program
Twenty-seven states have joined the Federal Scholarship Tax Credit program, allowing taxpayers to claim up to $1,700 for contributions to scholarship organizations. This voluntary program, enacted under the One, Big, Beautiful Bill, supports elementary and secondary education.
Politics and GovernmentBusinessFederal GovernmentState GovernmentsEducationEconomy Federal Scholarship Tax CreditIRSScholarship Granting OrganizationsTax CreditOne, Big, Beautiful BillState Participation
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27 States Join Federal Scholarship Tax Credit Program
Twenty-seven U.S. states have joined the Federal Scholarship Tax Credit program, enabling taxpayers to claim up to a $1,700 federal tax credit for contributions to organizations providing elementary and secondary education scholarships.
Politics and GovernmentBusinessFederal GovernmentState GovernmentsEducationEconomy IRSFederal Scholarship Tax CreditTax CreditScholarship Granting OrganizationsStatesOne, Big, Beautiful Bill
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27 States Join Federal Scholarship Tax Credit Program
More than half of U.S. states have joined the Federal Scholarship Tax Credit program, allowing taxpayers to claim up to a $1,700 federal credit for contributions to organizations supporting elementary and secondary education scholarships.
Politics and GovernmentBusinessUSAGeneral PoliticsFederal GovernmentState GovernmentsEconomyEducation Federal Scholarship Tax CreditIRSScholarship Granting OrganizationsTax CreditOne, Big, Beautiful Bill
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IRS Resolves Transcript System Glitch, Ensures Accurate Tax Records
The IRS has fixed an issue in its Transcript Delivery System that omitted tax increases and reductions from Account and Record of Account Transcripts. Taxpayers and representatives can now access complete and accurate tax information.
Politics and GovernmentBusinessMediaFederal GovernmentEconomyLegalDigital and Print PublishingEducation IRSTranscript Delivery SystemTax TranscriptsTechnical IssueResolutionTax ProfessionalsAccount Information
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IRS and Security Summit Partners Restructure to Bolster Taxpayer Protection Against Fraud
The IRS and Security Summit partners have restructured their alliance to combat evolving tax fraud and identity theft. New work groups and enhanced payroll collaboration aim to strengthen protections and information sharing across the tax system.
Politics and GovernmentBusinessScience & TechnologyLaw EnforcementFederal GovernmentEconomyComputers and InternetLegal IRSSecurity SummitTax FraudIdentity TheftCybersecurityTax AdministrationPublic-Private Partnership
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IRS and Security Summit Partners Unveil New Framework to Combat Evolving Tax Fraud
The IRS and Security Summit partners have restructured their alliance, introducing a new framework and five work groups to enhance information sharing and strengthen protections against evolving tax fraud and identity theft.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentEconomyComputers and InternetEmployment and LaborLegal IRSSecurity SummitTax FraudIdentity TheftCybersecurityPayrollInformation Sharing
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IRS 2025 Data Book Highlights Tax Relief Implementation and Digital Transformation
The IRS released its 2025 Data Book, detailing operations, the impact of new tax relief for working families, and a strategic shift towards modern technology and digital services to enhance compliance and taxpayer experience.
Politics and GovernmentBusinessScience & TechnologyGeneral PoliticsFederal GovernmentEconomyComputers and Internet IRSData BookFiscal Year 2025Tax ReliefWorking Families Tax Cuts ActDigital TransformationTaxpayer Service
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IRS 2025 Data Book Highlights Tax Relief and Digital Transformation
The IRS 2025 Data Book reveals a pivotal year, detailing the implementation of the Working Families Tax Cuts Act, which provided over $3,200 average refunds. The agency also processed 271.4 million returns and advanced its digital transformation for improved service…
Politics and GovernmentBusinessScience & TechnologyMediaFederal GovernmentEconomyComputers and InternetDigital and Print PublishingSocial Issues IRS2025 Data BookWorking Families Tax Cuts ActTax ReliefDigital TransformationTaxpayer ServiceGovernment
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IRS and Treasury to Propose New Rules for Tax-Exempt Executive Pay
The IRS and Treasury announced plans for proposed regulations under the One, Big, Beautiful Bill, expanding excise tax on excessive executive compensation for tax-exempt organizations to include more highly paid employees.
Politics and GovernmentBusinessGeneral PoliticsFederal GovernmentEconomyEmployment and LaborLegal IRSTreasuryTax-Exempt OrganizationsExecutive CompensationExcise TaxOne Big Beautiful BillRegulations
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IRS and Treasury Announce Expanded Executive Compensation Tax Regulations for Tax-Exempt Organizations
Treasury and IRS plan new regulations for the One, Big, Beautiful Bill, expanding excise tax on tax-exempt organization executive compensation. The tax now targets any employee earning over $1 million, not just top executives.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalEmployment and Labor Tax-exempt organizationsExecutive compensationIRSTreasuryOne, Big, Beautiful BillExcise taxRegulations
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IRS Launches Nationwide Hiring Events for Customer Service and Tax Roles
The IRS is holding nationwide hiring events through July for customer service representatives and tax examining technicians, aiming to strengthen its workforce and enhance the taxpayer experience with on-the-spot job offers.
Politics and GovernmentBusinessFederal GovernmentEmployment and LaborEducationGeneral Politics IRShiring eventscustomer service representativestax examining technicianspublic servicecareersGovernment
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IRS Launches Nationwide Hiring Drive for Customer Service and Tax Roles
The IRS is hosting nationwide hiring events through July for seasonal customer service representatives and tax examining technicians. These entry-level roles offer competitive pay, benefits, and career development, aiming to enhance taxpayer experience and workforce efficiency.
Politics and GovernmentBusinessFederal GovernmentEmployment and LaborEducationEconomy IRSHiring EventsCustomer ServiceTax TechniciansPublic ServiceEmploymentCareers
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IRS Free File Still Available for Late Tax Filers
Taxpayers who missed the deadline can still file their 2025 federal tax return for free using IRS Free File. The service, available until October 15, helps eligible individuals claim credits and refunds securely.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentEconomyComputers and InternetEducation IRSTaxpayersFree FileTax ReturnFederal TaxFrank J. BisignanoOctober 15
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IRS Reminds Taxpayers: Free File Still Available for 2025 Returns
Taxpayers who missed the April 15 deadline can still file their 2025 federal tax returns for free using IRS Free File until October 15. This service helps eligible individuals claim valuable credits and refunds through secure, guided software or fillable…
Politics and GovernmentScience & TechnologyFederal GovernmentEconomyComputers and InternetEducation IRSFree FileTax ReturnTax CreditsFiling DeadlineFrank J. BisignanoGovernment Services